Fiduciary Family Office LLC Boosts Position in Linde plc (NASDAQ:LIN)

Fiduciary Family Office LLC grew its position in Linde plc (NASDAQ:LIN) by 3.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,132 shares of the basic materials company’s stock after buying an additional 33 shares during the quarter. Fiduciary Family Office LLC’s holdings in Linde were worth $540,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Summit Securities Group LLC purchased a new position in Linde during the 2nd quarter valued at about $28,000. Kozak & Associates Inc. purchased a new stake in shares of Linde in the third quarter valued at about $34,000. J.Safra Asset Management Corp acquired a new stake in shares of Linde in the second quarter valued at approximately $42,000. Hazlett Burt & Watson Inc. increased its stake in shares of Linde by 133.3% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 98 shares of the basic materials company’s stock worth $44,000 after purchasing an additional 56 shares in the last quarter. Finally, Bangor Savings Bank raised its position in shares of Linde by 62.9% during the 2nd quarter. Bangor Savings Bank now owns 101 shares of the basic materials company’s stock worth $44,000 after purchasing an additional 39 shares during the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Stock Performance

Shares of LIN stock opened at $454.89 on Wednesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.81 and a current ratio of 0.96. The firm has a market capitalization of $216.60 billion, a price-to-earnings ratio of 34.54, a price-to-earnings-growth ratio of 2.90 and a beta of 0.94. Linde plc has a one year low of $385.12 and a one year high of $487.49. The company has a 50 day moving average price of $472.32 and a 200 day moving average price of $452.04.

Linde (NASDAQ:LIN) last released its quarterly earnings data on Thursday, October 31st. The basic materials company reported $3.94 EPS for the quarter, topping analysts’ consensus estimates of $3.89 by $0.05. Linde had a return on equity of 18.16% and a net margin of 19.33%. The business had revenue of $8.36 billion during the quarter, compared to the consensus estimate of $8.39 billion. During the same period in the prior year, the firm posted $3.63 EPS. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. Sell-side analysts anticipate that Linde plc will post 15.49 EPS for the current year.

Linde Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd will be issued a $1.39 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.22%. Linde’s dividend payout ratio (DPR) is 42.22%.

Insider Activity

In related news, VP John Panikar sold 10,025 shares of the stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $462.75, for a total transaction of $4,639,068.75. Following the completion of the sale, the vice president now owns 17,584 shares of the company’s stock, valued at approximately $8,136,996. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on LIN shares. Bank of America increased their target price on Linde from $495.00 to $516.00 and gave the company a “buy” rating in a report on Monday, August 5th. Citigroup increased their price objective on Linde from $470.00 to $480.00 and gave the company a “neutral” rating in a research note on Friday, July 12th. JPMorgan Chase & Co. boosted their target price on shares of Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Mizuho upped their target price on shares of Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, Barclays lifted their price target on shares of Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $490.75.

About Linde

Linde plc operates as an industrial gas company in the Americas, Europe, the Middle East, Africa, Asia, and South Pacific. It offers atmospheric gases, including oxygen, nitrogen, argon, and rare gases; and process gases, such as carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.